****mers

People beware. Here are the facts. This is one of the biggest ****s in South Africa. First they asked people to buy shares, pay R110 for a share and get R630 back on dividends monthly. That is crazy dividends per share and it is not doable. Even the FSCA will tell them this is not doable and even SARS . Further they said on their website the same thing regarding the buying of shares in www.myrides.co.za They also said that each shareholder will get a share certificate. To date this is not done They have send to some people just a simple letter saying that a person has got shares but their are no real details regarding the company on that letter. No owner details, contact numbers or even legitimate names. Its actually a **** compared to a proper share certificate. Anyone can type such a letter. It is not a share certificate. They said that the dividends will pay out the end of March 2025. It did not. The excuse was they dont have money. They also promised executive shares holders (40) of them holidays in Dubai with their partners. It was advertised all over social media. Now there is nothing of such. They apparently went to India to develop an App that will support their business. They apparently came back with the App and it is under developed. It is such a basic simple App and will definite not work in todays high demand for transport in the taxi industry. You can go and look at the simple App on Google Play store and download My Rides. If you look at the Bolt and Uber App and compare, these guys are lightyears behind. Even their simple App is not working properly. Then they recruited Sales Managers and Sales Assistants to do their marketing and promised to pay them a monthly salary. These people worked their asses off for two months and more for free because the company said that the people did not do their job. This was not true because the people used all their own resources and time to promote the business and when the company realized they now have to pay salaries they came up with the excuse that the people did not do their work. Here are the facts. The company used these people to do all the marketing and if you take all the hours these people worked it amounts up to a marketing cost saving of about R9000000.00 these people saved in marketing costs. About 200 people started working for them. Some of these people sold all their personal belongings to get money for data to market because it was an online job. Some people, or a lot of them borrowed money for data. Some people even had to skip their rent just to have data. I remember a particular lady in Durban who could not pay her rent and then some characters came to her house and threatened her and her children with guns. They took all her furniture and she had to flee with her children to a place of safety or be killed. They took all her furniture. Then they want drivers to join them and the drivers need to pay a R300 fee to verify their documents. That is also ridiculous as the drivers come with valid papers and documents. They now have new people who recruit drivers and these people get paid plus minus R200 per recruited driver. Where do they get the money from. Simple - The driver has to pay a R300 application fee and then they pay the recruiter R200 thereof. They say they have offices in Bloem, Durban and Sandton. They do not have offices. Its virtual offices which they just hire for the day if they want to use them. These virtual offices was confirmed by the CEO of My Rides. The lady in charge of the Regus offices at 21 Aurora Drive, where My Rides claim they have offices, said she has never ever even seen Alex Ndlovu who claims to be the owner of My Rides. She does not even know who he is. They do not own any assets and people are paying money into their bank account at FNB. The bank account no is World E Hailing trading as My Rides, account no 63118290062, FNB Bank. Further, they expect drivers to sign a indemnity form whereby drivers take the punch if they were caught driving without a operating permit. They say that the drivers without legal operating permits can drive for them as long as they sign the indemnity form. Where do these guys come from? The so called owner, Alex Ndlovu, uses a India cellphone number in South Africa which is +91 95992 41968. In a meeting with him he said specifically that he does not want people in South Africa know who he is. He is in hiding. The latest is they said that people who bought shares can ask for their money back and at the same time they say that they cannot pay it back now. What are these guys thinking?????? They also asked for shareholders to work to promote the business in a recent post as it is part of their duty they say. Where do these guys come from. This company actually has a head office registered with CIPC. One is at 101 Isaiah Ntshangase road, Stamford Hill Durban and the other one is at 4951 Burger Street, Ladysmith in KZN. The Director's name of the company is Langalihle Nelly Sikhakhana and she have 6 companies registered under that name. The different companies are, LIHLEBENYATHI, WORLD E HAILING TA MY RIDES, K2018341193 (SOUTH AFRICA), UNBREAKABLE RECORDS, MUSIC GOAT TALENT SEARCH AND CLUB EXPLORE. The bottom line is, they did not pay any one any salary for any work done. The fact is they knew that they are not going to pay anyone even before they started to recruit anybody. They just wanted the marketing to be done for free. They did not pay any shareholder any dividend. They just recruited shareholders on the promise of R630 per R110 share bought. Which is clearly a pie in the sky.